The All-Share Index concluded the trading session on January 31, 2025, on a negative note, declining by 248.31 points to finish at 104,496.12.
This reflects a 0.24% decrease from the previous close of 104,744.43, as the index slipped below the 104,500 threshold.
Notably, trading volume surged to 1.2 billion shares, marking a significant increase of 154% from the 497.3 million shares reported the previous day.
Market capitalization also saw a decline, decreasing from N64.8 trillion reported the prior day to N64.7 trillion, across 14,540 transactions.
In terms of individual stock performance, BETAGLAS and VITAFOAM recorded impressive gains of 10.00% and 9.98%, respectively.
Conversely, OANDO and STANBIC faced declines of 10.00% and 9.94%. Additionally, NSLTECH and JAPAULGOLD emerged as leaders in trading activity, significantly influencing the day’s turnover.
Market summary
- Current ASI: 104,496.12 points
- Previous ASI: 104,744.43 points
- Day Change: -0.24%
- Year-to-Date Performance: +1.53%
- Volume Traded: 1.2 billion shares
- Market Cap: N64.7 trillion
Top 5 gainers
- BETAGLAS: up 10.00% to N71.50
- VITAFOAM: up 9.98% to N31.95
- NNFM: up 9.98% to N60.60
- CHELLARAM: up 9.93% to N6.53
- TIP: up 9.90% to N3.44
Top 5 losers
- OANDO: down 10.00% to N68.40
- STANBIC: down 9.94% to N64.35
- IKEJAHOTEL: down 9.84% to N11.00
- UPDC: down 9.66% to N1.87
- REGALINS: down 9.21% to N0.69
Trading volume
The trading volume witnessed a strong 154% increase, indicating a robust surge in market activity:
- NSLTECH led the charge with an impressive 599.5 million shares traded.
- JAPAULGOLD closely followed, contributing 108.3 million shares.
- FBNH secured the third position with 85.4 million shares traded.
- VERITASKAP and GTCO made significant contributions as well, with 67.3 million and 32.7 million shares, respectively.
Trading value
In terms of trading value, the session was dominated by:
- FBNH, achieving transactions worth N2.5 billion.
- OANDO, contributing a notable N2.2 billion.
- GTCO and ZENITHBANK added N2 billion and N1 billion, respectively.
- NESTLE rounded off the day with N847.3 million in trades.
SWOOT and FUGAZ performance
In the SWOOT category, OANDO declined by 10%, while WAPCO saw a modest gain of 0.21%.
The FUGAZ group exhibited mixed results
- GTCO, ACCESSCORP, UBA, and ZENITHBANK experienced declines of 2.01%, 1.14%, 0.13%, and 0.10%, respectively.
- Conversely, FBNH ended the day in the green, gaining 2.92%.
Market outlook
- Despite the daily decline, the index is riding a bullish momentum that may propel it back to the 105,000-barrier.
- The market seems poised for positive developments, as an influx of financial results in late January and early February could potentially drive the index past the 105,000 mark once again.
